Can the U.S. and India Become Better Business Partners?

Indian Prime Minister Narendra Modi meets with President Obama for the first time next week and plans to discuss trade. Manoj Singh, COO of Deloitte, discusses on the News Hub. Photo: Getty

This transcript has been automatically generated and may not be 100% accurate.

... next week of the Obama meets with India's new prime minister a man who was once denied entry to the US because of Jesus ... the goal ... of the meeting in handset economic relations between the two countries what can be done to file the business deals ... the notion saying the CEO of the Lloyd global joins us now to discuss this as his debut on the new stuff thank you Brian much for being here ... one of those one doesn't need to be a meeting to so to enhance trade between ... India and the andthe us and we know about China bidding tension I what's what's the problem in it ... what I think it's a problem as it is a tremendous opportunity in my view for stats on country it's in the country that cry minister is elected by the biggest mandate the last thirty years ... he's already had to visit some leadership from Japan and China is here now ... his track record as his chief Minister the state to the drought was basically bilateral trade increasing investment so ... I think this things look very good as it did to a three things he's basically interested in ... all wrapped around ... easier to do business and so on simplifying labor laws tax every team ... improving infrastructure streamlining regulations ... making it easier to acquire land for small business in think like that ... the Dada in the end it does have a ... lot to Roberts a aam and it's it's a longstanding want how easy would it be to simplify things aam it's a it's a nice idea but I've seen how parliamentary democracies what is the politics ... is a bit tricky right handed as it is enacted to I think is that made it a centerpiece to tackle ... but frankly ... an EU to ensure even reading a lot of that it is basically had to get more productive he added the people ... said and the increasing accountability ... holding people responsible ... Anna given him a lot of visibility something goes the so the things that happen the last three months now ... to Lloyd ... global posted to its revenue slot last week was ... how important was India to to that ... record India is what the cost of credit markets ... it's a country where ... we have the over sixteen thousand people ... that we had double digit growth last year of the local the last five years to spin it is very important ... now what one of the things I know but opinion is the banking system was of little By mandala banking systems older shaky but it's a it's been a little bit tricky is that something that you think needs reform to really get ... in the on steroids ... economically I mean it's certainly a destiny one of the area so I think of making it much easier ... increasing the availability of essentially loans to basically businesses that have good ideas and things like that and again that's something that the premise recession doing ... the ... wheel so they're a lot and in the west of my income inequality aam BitPay written in the U S men and the West but we'll ... we'll know there was passive income inequality in in in the other is to score a ton of billion as ... and also a lot of people living on on on what is not a problem that we decided we were told it's a pretty new and what's good is that a permanent deal ... well it's a problem only in the sense that inclusive gross is very important so you can just one sector of society ... moving up in the other test is everybody has that ever has taught its bid Best Buy manufacturing is very core said to the future development of India ... and that's something that Prime ministers focusing on in a very very tough away ... ok great thank you Brian much pesticide with which the act